“No competition means no invention.”20 In the wake of the Barings debacle, however, Villard had seen his German-funded North American Bank, source of much Edison GE electrical capital, collapse.” — Jill Jonnes Copy Share Image
“No competition means no invention.”20 In the wake of the Barings debacle, however, Villard had seen his German-funded North American Bank, source of much… — Jill Jonnes Copy Share Image
“His faith in the new industry, his advice, and his constant financial support were the factors that led to its spectacular development; otherwise it… — Jill Jonnes Copy Share Image
“Yet Morgan was surprisingly patient. As an investment banker who had backed many railroads, which were continually absorbing new technologies, he seemed quite accepting… — Jill Jonnes Copy Share Image
“The emblems of status may shift, but human nature generally delights in being first.” — Jill Jonnes Copy Share Image
